We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the … external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in …

We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the … external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in …

We discuss the relevance of the concept of rational behavior in economic theory and suggest, on the basis of modern …

news. This tendency is assumed to support the optimism bias. Whether this learning bias is specific to ‘high …-level' abstract belief update or a particular expression of a more general ‘low-level' reinforcement learning process is unknown. Here … we report evidence in favour of the second hypothesis. In a simple instrumental learning task, participants incorporated …